In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment,…
Category: Paul Craig Roberts
Paul Craig Roberts is an American economist and a columnist. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.” He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. Roberts has been a critic of both Democratic and Republican administrations. He has written or co-written eight books, contributed chapters to numerous books and has published many articles in journals of scholarship. He has testified before congressional committees on 30 occasions on issues of economic policy.
The United States government and its subject peoples think of the US as “the world’s only superpower.” But how is a country a superpower when its entire government and a majority of the subjects, especially those members of evangelical churches, grovel at the feet of the Israeli Prime Minister? How is a country a superpower when it lacks the power to determine its own foreign policy in the Middle East? Such a country is not a superpower. It is a puppet state. In the past few days we have witnessed, yet again, the “American superpower” groveling at Netanyahu’s feet. When Netanyahu decided to again murder the Palestinian women and children of Gaza, to further destroy what remains of the social infrastructure of the Gaza Ghetto, and to declare Israeli war crimes and Israeli crimes against humanity to be merely the exercise of “self-defense,” the US Senate, the US House of Representatives, the White House, and the US media all promptly declared their support for Netanyahu’s crimes.
When Chris Floyd is at his best, as he is below, he puts things in perspective for readers that they otherwise never confront. Obama has won reelection, and his supporters think that somehow things are…
The election that was supposed to be too close to call turned out not to be so close after all. In my opinion, Obama won for two reasons: (1) Obama is non-threatening and inclusive, whereas…
The Virtual Recovery Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers. During the Clinton administration, Republican economists pushed through a change in the way the CPI is measured in order to save money by depriving Social Security retirees of their cost-of-living adjustment. Previously, the CPI measured the change in the cost of a constant standard of living. The new measure assumes that consumers adjust to price increases by lowering their standard of living by substituting lower quality, lower priced items.
Turning Health Care Into Corporate Profits Dr. Robert S. Dotson argues that Obamneycare is two versions of the same thing. A person has to be gullible and uninformed to believe the claims of Obama and…
On May 31, 2010, the Israeli right-wing government sent armed military troops to illegally board in international waters Gaza aid ships of the Gaza Freedom Flotilla organized by the Free Gaza Movement and the Turkish…
A Culture of Delusion A writer’s greatest disappointments are readers who have knee-jerk responses. Not all readers, of course. Some readers are thoughtful and supportive. Others express thanks for opening their eyes. But the…
Pravda.Ru interviewed Paul Craig Roberts, an American economist, who served as an Assistant Secretary of the Treasury in the Reagan Administration and became a co-founder of Reaganomics – the economic policies promoted by the U.S….
Libya: “Death to America” September Try to imagine more deluded reporting than this by America’s Presstitute “free press.” For 11 years Washington in pursuit of its rightful hegemony has been sending troops, bombers, jet fighters,…